How do rational choice theorists explain addictive behaviour as a rational choice, and are their hypotheses explained

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How do rational choice theorists explain addictive behaviour as a rational choice, and are their hypotheses explained by the econometric evidence? What are some of the problems with this econometric evidence?

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Behavioural Economics And Finance

ISBN: 9780415792196

2nd Edition

Authors: Michelle Baddeley

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Question Posted: Mar 08, 2024 03:00 AM

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How do rational choice theorists explain addictive behaviour as a rational choice, and are their hypotheses explained

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Rational choice theorists explain addictive behavior as a rational choice by arguing that individuals weigh the costs and benefits of their actions an...View the full answer

Behavioural Economics And Finance

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